FEDERALhearing transcript

Senate Finance Committee Hearing on Business Tax Reform

Original title: NAVIGATING BUSINESS TAX REFORM

January 1, 2017

tax reform business taxation economic policy corporate tax

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The Frame

What this does

The hearing serves as a formal record of expert and stakeholder input that informs the development of federal tax legislation affecting how businesses calculate and pay taxes.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Business owners

Changes to business tax law directly impact the tax liabilities and accounting requirements for companies of all sizes.

Tax professionals

CPAs and tax attorneys are responsible for implementing and navigating changes to the tax code for their clients.

What changed

Last recorded activity January 1, 2017.

What's next

Next step not available in the current record.

Summary

This document is a transcript record of a 2016 Senate Finance Committee hearing focused on potential reforms to the U.S. business tax system. The hearing featured testimony from economists, tax professionals, and business owners regarding the structure and impact of current tax policies.

Key Facts

The hearing took place on April 26, 2016, in the Dirksen Senate Office Building.
The session was convened by Chairman Orrin G. Hatch to discuss business tax reform.
Witnesses included representatives from the Joint Committee on Taxation, the Urban Institute, private CPA firms, and the agricultural sector.
The record includes written statements and communications from various industry groups, including the American Bar Association and the American Farm Bureau Federation.
The hearing focused on the technical and economic implications of changing business tax structures.

Why It Matters

The hearing serves as a formal record of expert and stakeholder input that informs the development of federal tax legislation affecting how businesses calculate and pay taxes.

Frequently Asked Questions

What was the purpose of this hearing?

The hearing was held to gather expert testimony and stakeholder perspectives on reforming the U.S. business tax system.

Who testified at the hearing?

Witnesses included Thomas A. Barthold (Joint Committee on Taxation), economists James R. Hines, Jr. and Eric J. Toder, CPA Sanford E. Zinman, and business owner Gayle Goschie.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

cross reference90% confidence

Broad Stakeholder Interest

The hearing record includes submissions from a wide range of industry groups, indicating that business tax reform impacts diverse sectors from agriculture to multifamily housing.

American Farm Bureau Federation National Multifamily Housing Council

Connected Entities

personOrrin G. Hatch“Chairman of the Senate Committee on Finance”Map →

personRon Wyden“Ranking member of the Senate Committee on Finance”Map →

personGayle Goschie“Vice President, Goschie Farms, Inc.”Map →

personThomas A. Barthold“Chief of Staff, Joint Committee on Taxation”Map →

organizationSenate Committee on Finance“Congressional committee overseeing tax policy”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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